Good morning guys!
This is an incredible journey with all of you. Sharing my thoughts and analysis on cryptocurrencies.
After a long and deep bear run, now market is on its way to show green numbers. As per current dips in market lot of people are panic and selling their cryptos, rahter they should hodl it.
As I said this is a disruption in making payment around the globe without any limitation, govt and big players don't like it because they are selling their products at high margin and its like their competitors. That's why lot of institutes are buying cryptos under the table but not supporting it upfront.
For cryptos, only invest what you can lose and hold it for atleast five years. And then see the difference.
A lot of people made millions in buying and holding cryptocurrency and a lot of people are losing money because of high volatility.
I would say market is still on side lines / consolidation state or doing its correction.
First understand the business and then invest a little, and forget about it for years. Two things will be happened.
- You will lose money
- It will change your life
So it's like making a bet with little money.
Have questions, ask in comment section.
I am not a financial adviser, do your own research before buying and selling crypto currencies.
Image credit: https://www.goodreturns.in/news/2015/05/15/market-up-2nd-straight-week-sensex-rises-118-pts-357851.html